Erste Group Bank Decreases Earnings Estimates for ICICI Bank

Posted by Brian Himes on May 19th, 2026

ICICI Bank Limited (NYSE:IBN – Free Report) – Analysts at Erste Group Bank lowered their FY2028 EPS estimates for shares of ICICI Bank in a report released on Tuesday, May 12th. Erste Group Bank analyst S. Lingnau now expects that the bank will earn $1.90 per share for the year, down from their previous estimate of $1.92. The consensus estimate for ICICI Bank’s current full-year earnings is $1.67 per share.

Several other analysts have also recently issued reports on IBN. Wall Street Zen upgraded shares of ICICI Bank from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 25th. Zacks Research cut shares of ICICI Bank from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 15th. Finally, Weiss Ratings cut shares of ICICI Bank from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, ICICI Bank presently has an average rating of “Reduce”.

Read Our Latest Research Report on ICICI Bank

ICICI Bank Stock Down 0.7%

Shares of NYSE IBN opened at $25.86 on Tuesday. The firm’s 50-day moving average price is $26.89 and its 200-day moving average price is $29.19. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $92.68 billion, a price-to-earnings ratio of 16.37, a P/E/G ratio of 1.33 and a beta of 0.45. ICICI Bank has a 12-month low of $25.08 and a 12-month high of $34.56.

Insider Transactions at ICICI Bank

In related news, CEO Sandeep Bakhshi sold 24,999 shares of the stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $14.95, for a total value of $373,735.05. Following the sale, the chief executive officer directly owned 1,071,301 shares of the company’s stock, valued at $16,015,949.95. This represents a 2.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Rakesh Jha sold 45,000 shares of the stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $14.49, for a total transaction of $652,050.00. Following the completion of the sale, the director directly owned 120,875 shares in the company, valued at $1,751,478.75. This trade represents a 27.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 159,999 shares of company stock worth $2,370,385 over the last three months.

Institutional Trading of ICICI Bank

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBN. NewEdge Advisors LLC raised its position in ICICI Bank by 5.4% in the 1st quarter. NewEdge Advisors LLC now owns 13,463 shares of the bank’s stock worth $424,000 after purchasing an additional 689 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of ICICI Bank by 41.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,146 shares of the bank’s stock worth $72,000 after acquiring an additional 625 shares during the period. Cresset Asset Management LLC increased its position in shares of ICICI Bank by 45.8% during the second quarter. Cresset Asset Management LLC now owns 18,205 shares of the bank’s stock worth $612,000 after acquiring an additional 5,717 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of ICICI Bank during the second quarter worth approximately $221,000. Finally, Cary Street Partners Financial LLC purchased a new position in shares of ICICI Bank during the second quarter worth approximately $75,000. 18.18% of the stock is owned by hedge funds and other institutional investors.

About ICICI Bank

(Get Free Report)

ICICI Bank Limited is an Indian multinational banking and financial services company that provides a broad range of products and services to retail, corporate and institutional customers. The bank traces its origins to the Industrial Credit and Investment Corporation of India, founded in 1955, and was converted into a commercial bank during the 1990s as part of its evolution into a full-service financial institution. It is one of India’s largest private-sector banks and is listed in the United States as an American depositary receipt under the ticker IBN.

The bank’s core activities include retail banking (deposit accounts, consumer loans, mortgages, credit cards and payments), corporate and commercial banking (working capital, term lending, trade finance and cash management), and treasury operations.